Notice that the directory entry shows a symbolic link with the real file name in square brackets. Using /H instead and creating a hard link makes the entry appear as if it's actually the file instead of looking like a shortcut, which is what you get by default. For example, in the output below, you see a standard symbolic link and then a hard link, which appears exactly like a normal file:

For folders, you essentially have the same symbolic link and hard link options, and with folders a hard link is known as a junction point, created with the /D and /J switches respectively. With either type of link, you can navigate the folders, and any added/deleted content will update the target folder: